The deal essentially converts W.P. Carey's operating assets into long-term triple-net leases.

Capstone On-Campus Management of Birmingham, AL has been selected by Radnor and Harrison Street and has been approved by Lafayette to manage and maintain the property once it opens in the fall of 2020.

The long-standing CRE firm is rebranding itself as Denholtz Properties. The firm has scheduled a ribbon cutting for tomorrow for its new headquarters at 116 Chestnut St. in Red Bank where a host of state and local dignitaries are expected to attend.

Apartment rent growth has slowed, but the market has sustained record-high rents with nominal increases.